One of the original farmhouses, which sits on an acre of land in Comboyne, has been leased to the Comboyne Community Association.
Stage 1 of the restoration will provide secure artefact storage for the communities historical collection showcasing early timber and dairy farming industries.
There will be a large shed to house the restored farming equipment and an attractive landscaped garden and picnic area.
Stage 2 and 3 will see the arrival of a Men's shed and Artist in residence program.